Fake accounting fake projects like Serba?

Currently traded companies qualifying solely under the Market Value Standard must meet the $75 million market value of listed securities and the $4 bid price requirement for 90 consecutive trading days before applying.

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If ARBB can list in Nasdaq, many of our other 'tech' company can enter nasdaq100.

UncleFollower, where you get the info it can be 16B USD? Sounds absurd. 16B USD is RM64B, almost as big as CIMB or PBB, which is crazy. Unless for some reason Yinson can win 1 big FPSO every year for the next 10 years, and eventually have a profit of RM1B per quarter and positive cash flow. Until then, kind of hard to image Yinson is a RM64B market cap company.

i wonder what happened to peral white, i remember he wrote so many articles on why serba is not a fraud and how kpmg and ey has hidden hands to collapse serba... all those conspiracy stories, i need to read them before bed time...

impossible for glove co to go up. All those new factories build by those that ventured into glove have yet to close down. Until they close down 1 by 1, we're going to see a depressed in price. Simply put it this way, MahSing and GKent can continue to lose money in glove as their other business are profitable, they can pump the money into glove, whereas TopGlove only got glove, and not to mention their susuk and debt maturing, and they need more loans for the coming years. harta and others not to bad, as they did not give out their money and do SBB. TG is in a tough position.... very tough.

Another Serba in the making?

@Sslee

Just curious, I have no idea. If it is margin called by banks and sold by the banks, does the bank need to inform Bursa too?

Phoenix.... more like chicken.

fake accounting... what more hope is there? already know it is fake, yet so many refuses to leave, some go average down...

Those that kept saying EPF is still in Serba, have they looked at the latest annual report? LIST OF TOP 30 INVESTORS...

EPF PNB KWAP all left when KPMG flag serba for fraud. That is how these big boys roll, run first think later. All of them left long ago but some in here is in denial, kept using outdated info to say they are still in.

Can you share UOB report? Thanks

FPSO Anna Nery (Marlim, Campos Basin) is expected to achieve first oil by 1Q2023 CY, 25-year charter to Petrobras.

everybody thought VT buying some bank, PBB.... in the end, just an insurance co and still nego.... but he sold so many shares already to meet the bnm requirement, if deal did not go thru, habis....

investorking, i thought u cut loss long time ago, dont tell me you go buy more? liquidation is worse than delist. liqudation means you as a shareholder dont even get to keep the toilet paper used by karim to wipe his butt. shareholders now have 0 value in serba... last time long ago you have a shareholder certificate paper to frame it on the wall, now with digital you got nothing....

My pick for 2023

YINSON 20%
RHBBANK 20%
KPPROP 20%
SKPRES 20%
DAYANG 20%

Thanks.

recession coming, sell. rm1.5 soon

ATA gets contract termination notices from Dyson
https://www.thestar.com.my/business/business-news/2022/12/23/ata-gets-contract-termination-notices-from-dyson

@newbie8080

They make good profit and revenue before FamilyMart came to malaysia. Problem with myNews is they always follow people. Last time says will beat 711 in their own game by setting up shops nearby 711. When FM came to Malaysia, they tried to copy by setting up their FPC, nobody goes to mynews and buy ice cream and bread, so they lose lots of money in FPC.

Now FM moving to dine in cafe style, go check out FamiCafe. CU now outdated already. Always a follower.

I always thought hollywood ghost movie so fake, but now i realize it is real. if you see a ghost, do you run? stand still? or walk towards the ghost?

Already know serba got audit problem, yet some people go average down, why? too much money?

I remember in Serba Telegram group there is this Malay lady that believe in Karim and went double down on SCIB and Serba. I feel pity for her. Her reason is Karim is honest, hardworking and will not lie. Also, she said karim said Serba did nothing wrong.

Karim is a conman, cook the books.

FPSO Anna Nery (Marlim, Campos Basin) is expected to achieve first oil by 1Q2023 CY, 25-year charter to Petrobras.

GG
Karim the cook
Karim the conman

@Mabel

Tesla USD1300 is before the 2 stock split. Dont create fake news.

@Windy1974

Best yield is United Plantation, not KLK or IOI.

I agree with you on avoiding 'undervalue' companies, unless we know what is going on inside, more often than not, the smart money knows why they are avoiding it.

Pity those that believed in Karim the conman and average down. So many says KPMG is KPGG, says they dont know how to audit, karim says got hidden hands....

In the end, even EY and Nexus also came to the same conclusion.

When an audit company such as KPMG wants to flag a company as big as Serba, they have many protocol and checks to go thru before they report to authorities. Means many directors and big boss in KPMG will discuss and investigate and all came to the same conclusion, something fishy is going on in Serba.

Dont blame KPMG, blame Karim the cook.

They knew they need money for the viet power plant, why did they not save money? but go do other stuff like solar? i wonder why? construction business very easy to siphon money out. this one i know, i work in this industry. company can lose millions, but big boss can make millions indirectly.

Then next year Rights Issue

very very very profitable, this one nobody knows, but confirm next year PP again.

every year also says next year will be very profitable...

Every year everybody says next year they will be profitable, but they go do PP almost every year. Better buy boring stock like MBB PBB UTDPLT and sleep like a baby than to cry like a baby in Jaks.

2017 PP
2018 PP
2019 PP
2021 PP
now
2022 PP

This is a rubbish stock, sell now before they PP again next year. Then consolidate, then throw down again until ah gong ah ma cannot recognize.

run before it is too late, run

4 quarters of up already, you expect it to go up again? how old are you?

when limit up? when list in nasdaq?

GG

Chef Karim cook poison for retailers. Those averaging down believing in Karim... I am sorry for you. Karim is a liar.

Good lord, Mabel still think Serba got hope. What are you smoking?

Chef Karim cook poison curry for retailers

never fall in love with the stock, because the stock has no feelings and doesnt love you. never trust a liar, once a liar, forever a liar.

boss been talking about nasdaq for so long....

when enter nasdaq?

Mabel, AA got no fraud. Serba GG soon.

still got buyers... amazing. what they say is correct, a sucker is born every minute.

so, what happened? i thought banker say give chance? they u-turn?

run, glove 2.0. calvin bring everyone to holland. run

Run, Glove 2.0. Run while you can, better lose 10% now than to lose 90% later. Run.

Run, Glove 2.0. Run while you can, better lose 10% now than to lose 90% later. Run.

Run, Glove 2.0.
Run while you can, better lose 10% now than to lose 90% later. Run.
Calvin is conman.

Run, Glove 2.0.
Run while you can, better lose 10% now than to lose 90% later. Run.
Calvin is conman.

HengyuanZai, people like you that talk bad about a certain stock thinks they can influence the price by commenting on i3. I find this amazing, reminds me of those in TopGlove and Serba. If your comment can move the market, then something is wrong with this market.

If you want to buy, just buy and keep quiet.